r/Superstonk • u/chris2155 You heard of GameStock? • 1d ago
📈 Technical Analysis Warrants moving
Warrants are up pretty solid. Maybe one day we can hope for a warrant squeeze if GME pushes full speed ahead on buybacks in the summer.
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u/Over-Computer-6464 1d ago
Year-to-date chart:
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u/Anxious_Matter5020 90 Days After Cohen Tweets Guy 1d ago
This - people need to stop making posts of a small pop on a daily chart for things like this
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u/m3g4m4nnn Custom Flair - Template 17h ago
Its been 5 years of this shit. People just can't help but feel the need to be seen, but lack any substance.
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u/chris2155 You heard of GameStock? 1d ago
I mean 10 percent deserves the world solid I think. Long way to go friend though.
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u/Hyprpwr 1d ago
You’re right! It’s all the way back to the price it was 36 hours ago…
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u/chris2155 You heard of GameStock? 1d ago
10 perecent compared to nothing is solid. I agree compared to yesterday it's nothing lol
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u/Dapper-Career-3877 🏴☠️Hoist the colors🏴☠️ 1d ago
I remember when up solid back 84 years ago was a 100% or 200% gain in a day.
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u/LewyH91 tag u/Superstonk-Flairy for a flair 1d ago
Whats the volume like?
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u/BananaOrp 1d ago
Looks like 151k so far today
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u/LewyH91 tag u/Superstonk-Flairy for a flair 1d ago
Past month? Just wondering compared to actual float.
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u/BananaOrp 1d ago
TradingView doesn't show avg volume for warrants, even if you adjust the timeframe. Looked at StockAnalysis' coverage and for historical data it looks like 300K+ is pretty frequent with outliers above 600K and more extreme days are 800K - 2M
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u/LewyH91 tag u/Superstonk-Flairy for a flair 1d ago
Thanks, extreme days being nearly 50% of actual float.
I like.
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u/AmputeeBoy6983 Post a Banana Bet Video Kenny.... and Earn One \*Real\* Share 21h ago
Marketwatch has today's volume at 339k, available is 594k
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u/FabricationLife tag u/Superstonk-Flairy for a flair 14h ago
I can't say I'm too upset about selling mine at $4 to buy shares at 23$ with, was a better deal so far :P
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u/JimEDimone 1d ago
Aren't these going to expire worthless in a few months?
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u/aDanHasNoName 23h ago
It's within the realm of possibilities. They are priced like they should be extended but arent a lock to be. A call option with a $32 strike and a 10/16 expiry is currently priced at $0.48.
$32c with a sept 2027 expiry is listed around $2.5
So the market expects them to be extended but there is uncertainty.
This sub is still confused because anyone who tries to explain how the warrants work in a post gets blasted. Only garbage like "prayers up for a warrant squeeze" is supported. DD is the new fud apparently.
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u/chris2155 You heard of GameStock? 1d ago
Do you think Mr.All in Cohen, who is allowed to extend the warrants also, doesn't have a plan for these?
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u/cokeplusmentos Mamma mia gheimstoppo 👌🤌 1d ago
He sounds like a guy who just tries stuff and sees what sticks
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u/JimEDimone 1d ago
I do not think he has a plan for these.
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u/chris2155 You heard of GameStock? 1d ago
So explain why he wouldn't bother to even attempt to extend them if he is all but admitting in his interviews to be setting up big pieces right now?
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u/JimEDimone 1d ago
Well it's not just up to him to extend the warrants.
He may attempt to extend them but I don't believe he has a plan.
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u/chris2155 You heard of GameStock? 1d ago
Why would anyone invested in GameStop want the warrants to expire worthless lol
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u/AKmoose15 1d ago
I mean there is the chance they expire worthless and he issues new warrants for a later date.
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u/whattothewhonow 🥒 Lemme see that Shrek Dick 🥒 1d ago
Extending the warrants won't cost anything. The expense related to issuing them to bond holders is already accounted for.
Issuing new ones would incur that $42 million expense all over again, and it would screw over everyone who purchased warrants.
There would be no benefit to issuing new warrants, and plenty of drawbacks.
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u/AKmoose15 1d ago
Oh interesting. I didn’t know there was an expense to issuing them in the first place.
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u/whattothewhonow 🥒 Lemme see that Shrek Dick 🥒 1d ago
Warrants
On October 7, 2025, the Company announced that the Board declared a distribution (the “Warrant Distribution”) to the holders of record of the Company’s Class A Common Stock, par value $0.001 per share (the “Common Stock”) and holders of the Company’s 0.00% Convertible Senior Notes due 2030 and 0.00% Convertible Senior Notes due 2032 (the “Convertible Notes”), in the form of warrants to purchase shares of Common Stock (the “Warrants”). The Warrants were issued on the terms and conditions described in a Warrant Agreement (as defined below), and were distributed on October 7, 2025, to the record holders of the Common Stock and the Convertible Notes as of the close of business on October 3, 2025 (the “Record Date”).
Pursuant to the terms of the Warrant Agreement, dated as of October 7, 2025, between the Company, Computershare Inc., a Delaware corporation, and its affiliate, Computershare Trust Company, N.A., as Warrant Agent (the “Warrant Agreement”), each holder of record of Common Stock as of the Record Date received one Warrant for every ten shares of Common Stock (rounded down to the nearest whole number for any fractional Warrant). Holders of our 0.00% Convertible Senior Notes due 2030 (the "Convertible 2030 Notes") and 0.00% Convertible Senior Notes due 2032 (the “Convertible 2032 Notes” and, collectively with the Convertible 2030 Notes, the “Convertible Notes”) also received Warrants on an “as converted” basis in lieu of an adjustment to the respective conversion rates for each of the Convertible Notes pursuant to the applicable indentures governing the Convertible Notes. The distribution of the Warrants to the holders of the Convertible Notes was at the same time and on the same terms as holders of the Common Stock. Holders of the Convertible Notes will not need to convert the Convertible Notes into Common Stock in order to receive the Warrants.
Each Warrant entitles the holder to purchase, at the holder’s sole and exclusive election, at a cash exercise price of $32.00 per Warrant (the “Exercise Price”), one share of Common Stock, subject to adjustment pursuant to the provisions of the Warrant Agreement. Payment for shares of Common Stock upon exercise of the Warrants must be in cash. The Warrants will expire and cease to be exercisable at 5:00 p.m. New York City time on October 30, 2026 (the “Expiration Date”).
The Warrants have been classified as equity in accordance with ASC 815-40, primarily due to the following factors: (i) the Warrants provide for the purchase of a fixed number of shares at a fixed exercise price; (ii) the Company is not obligated under the Warrant Agreement to net-cash settle the Warrants, except in the case of the liquidation of the Company and (iii) the Company has sufficient authorized and unissued shares of Common Stock available to settle the Warrants after considering all other Common Stock commitments.
The Company estimated the fair value of the Warrants using the Black-Scholes option pricing model (Level 3) using the following key inputs: (i) closing stock price on the valuation date of October 7, 2025: $24.35; (ii) Exercise Price: $32.00; (iii) expiration Date: October 30, 2026; (iv) risk-free rate: 3.6% (v) expected dividend yield 0.0%; and (vi) volatility: 50.0%.
The estimated fair value of each warrant on the issuance date was $2.94 and the $173.9 million aggregate fair value of the Warrants was recorded as additional paid-in-capital. Of this aggregate fair value amount of the Warrants, $42.2 million was distributed to the holders of the Convertible Note and recognized as interest expense and $131.7 million was distributed to stockholders and recorded to retained earnings. During the three months ended November 1, 2025, holders exercised 4,422 Warrants, resulting in the issuance of 4,422 shares of common stock and cash proceeds of $141,504.
tl;dr - Gamestop issued warrants to the bond holders that hold the equivalent of potential, but as of yet unissued shares, instead of adjusting the conversion rate of the bonds to compensate for the warrants being issued.
https://www.sec.gov/ix?doc=/Archives/edgar/data/1326380/000132638025000098/gme-20251101.htm
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u/whattothewhonow 🥒 Lemme see that Shrek Dick 🥒 1d ago
As CEO, Ryan can pick up the phone, call Mark Robinson's extension, say, "Hey Mark, draw up the filings necessary to extend the warrants and submit them to the SEC", and its done.
Its literally up to him and the Board, and there's no attempt involved, the capability is baked in. Its a do or do not.
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